Ohio sports betting

Ohio Lottery interactive terminal deal wth Intralot

Greek-owned gaming and lottery operator Intralot has signed an amendment to its contract with the Ohio Lottery in order to provide interactive terminals and games to the state lottery. Intralot will supply its Multi-Purpose Next Generation (MPNG) self-service Lottery machines, which will be linked to the EZPLAY Tap Games, an extension of the lottery’s instant online EZPLAY product line of interactive games. The machines will be connected to Intralot’s B-On interactive gaming platform, which it said has been designed to expand sales and services across various traditional and alternative sales channels. The terminals, which will be rolled out in veterans…

MGM China Profit Gains on Mass-Market Gamblers

Bloomberg – MGM China Holdings Ltd., the Macau casino operator, said first-quarter profit jumped by a third as mass-market gambling increased. Adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, increased to $257 million from $193 million a year earlier, according to a statement yesterday from MGM Resorts International (MGM), the company’s Las Vegas-based parent. That compares with the median estimate of $258.5 million from six analysts surveyed by Bloomberg News. The numbers exclude a branding fee of $16 million this year and $13 million last year. MGM China will continue to redeploy more gaming tables to mass-market gamblers,…

Australian casino hires Macau gaming executive

Macau Business Daily – Veteran Macau gaming industry executive Greg Hawkins has been appointed managing director of The Star casino resort in Sydney, its operator Echo Entertainment Group Ltd recently confirmed. Hawkins is expected to take up the role in September, after getting necessary regulatory approvals, the company said yesterday, according to Australian media reports. He replaces Frederic Luvisutto, who resigned in December to pursue new career opportunities. “Having managed both a premium VIP hotel and casino and a large-scale integrated resort in Macau, Greg also brings experience in the Asian VIP and premium mass market where we see further…

These 13 states raked in $34B in gaming revenue

CNBC – Las Vegas is easily America’s city that is most synonymous with recreational risk-taking. Atlantic City, especially for those on the East Coast, has also long been known as a place to take a chance on blackjack or drop coins in a slot machine. But in truth, the United States is dotted with gambling havens from coast to coast. With tax rates up to 40 percent, these businesses can generate hundreds of millions in state revenues. We decided to look at the states with the most revenue from commercial gambling in 2012. Some of the 13 states that made…

Gambling tax rules in Massachusetts could hinder game play

MassLive – At least two of the companies looking to win one of Massachusetts’ first casino licenses say the state needs to change how it taxes winnings to avoid discouraging people from playing and cutting into the take for the state and the casinos. Las Vegas-based MGM and Wynn want the state to repeal a provision requiring gambling facilities to report and withhold 5 percent for state income tax on certain winnings over $600. They say casinos in surrounding states all use lower, federal standards for income tax withholding, making them more appealing to regular players, casual day trippers and…

Melco’s Ho wants to explore casino in Barcelona

Macau Times – Last week, Lawrence Ho announced to the HK Stock Exchange (HKSE) that his main holding company, Melco International Development, has signed a memorandum of understanding with Veremonte Espana S.L. of Spain. This understanding includes holding talks for the management of at least one casino, which is to be developed as part of the BCN Dream resort being developed by Veremonte near Barcelona, Forbes magazine reported. According to the publication, besides casinos, BCN Dream will include more than 10,000 hotel rooms, an exhibition and meeting center and up to 5,000 residential units. BCN Dream, in turn, is to…